01:40 PM EDT, 06/17/2024 (MT Newswires) -- Archer Aviation ( ACHR ) and Signature Aviation said Monday they signed a memorandum of understanding identifying day-one opportunities to launch Archer's air taxi service in key United Airlines hubs at Newark International and Chicago O'Hare airports as early as the end of 2025.

Under the agreement, the companies said they aim to electrify Signature's network of more than 200 airport terminals to provide Archer with access to takeoff and landing sites in major metropolitan areas in the US and the rest of the world.

The companies said they intend to leverage their current partnerships with Beta Technologies to install Beta's interoperable rapid recharging systems to charge forms of transportation that are commonly used at airports, such as cars and buses.

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